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The CEO and founder of the Canadian crypto exchange QuadrigaCX reportedly signed his last will and testament just days before his death. Gerard Cotten passed away in December last year in India and apparently neglected to leave copies of the exchange platform’s cold-storage access, leaving the company and...
It’s been reported earlier this week that Yassin Hankir, CEO of German-based startup Savedroid, took off with the $50 million raised in its initial coin offering. The following day, Hankir posted a Youtube video to explain that it was a ‘drastic campaign’ to prove how easy it is...
It’s every cryptocurrency investors worst fear, the exit scam, and it may have just happened again. All signs point towards the founder of Savedroid having taken the company’s money and ran. Savedroid CEO and Founder Tweets “Thanks Guys” From a Beach in Egypt The founder of German-based startup...
Ho Chi Minh City-based startup Modern Tech has gone dark after duping 32,000 people of an estimated VND 15 trillion ($660 million) in relation to two fake cryptocurrency projects and their initial coin offerings (ICOs). On Sunday, dozens of disgruntled investors gathered in front of Modern Tech’s headquarters...
2017 could certainly be considered the year of the Bitcoin. ICOs, the crowdfunding method made headlines almost as much as the cryptocurrency, so how exactly did they fare? Not well according to reports which indicate that despite having raised more than $104 million, 46% of 2017’s ICOs are...
After raising $4.5 million in a series of initial coin offerings (ICOs), cryptocurrency start-up LoopX has disappeared — along with the cash that investors provided — in what appears to be the most recent exit scam to plague the cryptocurrency community. Once a company with an active online...
A relatively obscure Italian cryptocurrency exchange is claiming a major hack involving Nano tokens but critics are calling it an exit scam. Another multi-million dollar hack? Bitgrail claims it was hacked last week of 17 million customers owned Nano Tokens equal on the day to about $195 Million dollars. Bitgrail was one of...
With all cryptocurrency markets tanking in value, it is evident there will be some big changes. More specifically, some currencies are all but crashing to the ground as we speak. BitConnect, the infamous Ponzi Scheme, is finally meeting its demise, by the look of things. Thanks to the...
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